Business

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …

Technology has transformed lives of women fish traders, who were previously forced to offer sex, in exchange for fish on Lake Victoria SPECIAL REPORT | LAKE VICTORIA, KENYA | Along the shores of East Africa’s Lake Victoria, in Kenya, women fisherfolk including those known for being victims of sexual exploitation …

Currently, 95% of households rely on wood or charcoal for cooking, contributing to deforestation and indoor pollution, which disproportionately affects women and children Kampala, Uganda |  THE INDEPENDENT | The UK, in partnership with Uganda’s Ministry of Energy and Mineral Development, has unveiled a £5 million clean cooking programme designed to …

The company’s service revenue surged by 20.4% to Shs 1.5 trillion, supported by an increase in mobile subscriber numbers, which now stand at 20.7 million. Kampala, Uganda | THE INDEPENDENT | MTN Uganda is set to pay shareholders an interim dividend of Shs 6.6 per share, amounting to Shs 147.8 billion, …

Mbarara, Uganda | THE INDEPENDENT | Ankole traders have voiced concern about their limited knowledge of E-business, which they believe is hindering their growth and competitive edge compared to other traders across the country. Fred Kimbareba, the President of the Mbarara Small Manufacturers Association, expressed that E-business technology has not …

Hoima, Uganda | THE INDEPENDENT | Farmers in Hoima district have been cautioned against compromising the quality of their coffee by ensuring that they do not harvest unripe coffee. Rosemary Mukonyezi, the regional coffee extension officer for Hoima sub-region said harvesting raw coffee not only affects the quality of the final …

Masaka, Uganda | THE INDEPENDENT | A market constructed by the Ministry of Works in Lukaya along the Kampala-Masaka highway in Kalungu district continues to be shunned by the intended beneficiaries. Authorities in the area are confused about what to do with it as it goes to waste under their …

Madi-Okollo, Uganda | THE INDEPENDENT | Up to 192,640 households in the West Nile sub-region are set to benefit from reliable electricity following groundbreaking work by a government-backed independent power developer. The project will establish a 24 MWp Solar Photovoltaic (PV) plant in Madi Okollo district. The solar plant, implemented by …

Kampala, Uganda | THE INDEPENDENT | A total of 60 youth, women, and small and medium entrepreneurs have graduated in the inaugural Enterprise Development Program of the Uganda Development Bank, with a call on institutions to “enable capital flow”. The program is a business incubator designed to prepare businesses to become …

Mbarara, Uganda | THE INDEPENDENT |  An audit report on the operations of Mbarara Central Market Vendors Savings Cooperative Society has found that part of the money donated by President Yoweri Museveni can not be traced. The SACCO received sixty million shillings from the president as a donation for startup …